Prices of U.S. lender CIT's bonds edges up
NEW YORK, July 17 |
NEW YORK, July 17 (Reuters) - U.S. lender CIT's bonds firmed modestly on Friday, after traders in the government debt market said there was speculation a buyer might be found for the struggling lender.
The price of CIT (CIT.N)'s 5 percent notes due in 2014 rose to 54.88 cents on the dollar on Friday morning from about 53 cents late on Thursday afternoon, according to MarketAxess. (Reporting by John Parry; Editing by Theodore d'Afflisio)
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